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The cut is designed to push more savers into stocks and shares, while advisers report a rise in clients maximizing ISA contributions.
- Savers are bombarding financial advisers with questions about inheritance tax and pension tax-free cash ahead of the Budget on Wednesday, as new research reveals clients are bringing forward financial decisions.
- More than half of financial advisers report clients are accelerating wealth transfers, as families prepare for pensions being included in inheritance tax calculations from next spring.
- Just under half of financial advisers surveyed said some clients were taking tax-free cash from their pensions ahead of the Budget, fearing potential reductions to the 25 per cent lump sum.
- Chancellor John Healey reportedly ruled out changes to pension tax-free lump sums over the weekend, addressing concerns about the "damaging game of pre-Budget chicken" described by industry experts.
- At the dispatch box, Chancellor John Healey said he would protect pensioners with low incomes from paying tax during this parliament, with the allowance linked to the state pension's 3.9 per cent increase.
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13 Articles
13 Articles
Autumn Budget 2026 winners and losers: From pensioners and workers to savers and landlords
John Healey promised to give households and businesses "breathing space" in his first Budget. However, the Chancellor's package has created a clear divide between those receiving help and those being asked to pay for it.Workers, lower-income pensioners and some households are among the winners. Banks, landlords and savers with taxable interest face higher bills.Evie Patel, assistant manager at Blick Rothenberg, said the Budget was less radical t…
·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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